Young Turks: What Happened to Obama's Team of Rivals?

[CherylK]

Run time: 10:13 https://www.youtube.com/watch?v=uMAWu6EXOfI   Posted on YouTube: April 08, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 10, 2009 By DU Member: CherylK Views on DU: 4577

 
:wtf:

[ihavenobias]

1. This is an incredibly important video.

So much hard truth here that it hurts.

[FiveGoodMen]

2. "The banks are not the country!"

[FiveGoodMen]

3. Perhaps it was supposed to be "Team of America's Rivals"

[pleah]

4. K&R I got so sick of Ed Shultz yesterday

goose-stepping for Geithner, that I had to change the channel.

I think they are trying a media blitz to lull the people into believing this is a great plan.

I for one will never believe it.

[ihavenobias]

5. There are a lot of things I like about Schultz even though I'm not a fan of his show(s).

But one of the things I don't like is that I think he's an apologist for the Democrats. There's a very fine line with being supportive and being an apologist (see Republicans in the Bush years for reference).

The former is necessary and the latter is incredibly counterproductive and dishonest.

[Seldona]

32. Agreed.

K&R

[sansf]

15. He did same rant on radio

I sent email saying, politely, that Ed's joy over Wells' "profit" report was subtance-free, and irresponsible. (Today I hear that Wells may have used new rules of mark-to-market to jigger #s). And what are Wells' job numbers?

Vern answered my email, quote, "Up yours".

I forwarded this to MSNBC.

Cenk is phenomenal. Cen we post link to this video at white house site?

[pleah]

17. I honestly don't know.

:hi: Never heard the Ed radio broadcast, either.

[proud2BlibKansan]

33. Who's Vern?

[phantom power]

6. Heh. Cenk is getting pretty pissed about these bankster bailouts.

With good reason.

[Butch350]

20. Why should cenk pissedness matter to me?

...he is just a member of a group of talking heads - everybody got their idea of the way things should be done.

You all write like a bunch of politicians.

[ihavenobias]

21. He's not parroting conventional wisdom BS.

He praises Obama AND criticizes him on relevant issues, which is important and separates from most other "talking heads".

Besides, he's got the top economists/experts on his side. Stiglitz, Krugman, Galbraith, Black, Reich and the list continues to grow. To generically dismiss that as "ah, everyone has an opinion" doesn't make much sense to me. But maybe I misunderstood your point, in which case I pre-emptively apologize.

;)

[Seldona]

22. There are incredibily important issues that need discussion here.

A lot of us like Cenk's commentary. I can't speak for anyone here, but I don't do Cult of Personality. If there is no substance, form is meaningless to me. I just think Cenk is the best pundit out there. Period.

[JDPriestly]

26. We usually welcome new people, but I have a feeling you are not comfortable

on DU. Maybe you would like a different website more. We are all very interested in politics here. That's what we write about. And, by the way, we think for ourselves. People on DU may have different opinions, but generally we are pretty well informed and we enjoy intelligent conversation. So, now that you know who we are and where we are, it's up to you to decide whether this is where you want to be.

[phantom power]

38. Whether it matters to you is obviously up to you.

:shrug:

[20score]

7. K&R.

[spiritual_gunfighter]

8. K&R big time!

Everyone should watch this, it's that important.

[ihavenobias]

9. Exactly. And wouldn't it be great to to have this voice on MSNBC?

If you think so, !

[spiritual_gunfighter]

10. I am doing it today n/t

[bbgrunt]

11. I'm pissed too. It's too bad that BO cannot

see his potential but instead insists on helping this heist. It truly makes me sick. Team of rivals, indeed.

While Cenk doesn't want to call it corruption, I don't believe it is simply group think. It is the propaganda machine at work full time--just like with Iraq. They are shutting down criticism and allowing this heist to proceed. So maybe it is becoming group think in the media, but the deciders know what they are doing---just like Cheney did.

[LeftHandPath]

12. Its all about restarting the FRAUD...

Have you noticed we hear nothing about ending the practices that got us here?

The whole plan is to prop up the insolvent banks so we can start the housing bubble again.

I'm with Cenk. We dont need these insolvent banks, we have plenty of decent banks who dont rape and pillage our economy.

[krister]

13. 'Tis the true beauty of representative "democracy". n/t

[RUMMYisFROSTED]

14. It's just a few trillion.

:shrug:

[slipslidingaway]

16. kicking for later n/t

[OhioChick]

18. K&R

:kick:

[Mithreal]

19. K&R nt

[OldTimeHippie]

23. Dang, that was a good video! He's told it like it is.

America, we have a problem. 

[Plucketeer]

24. The truth ain't always purdy

But it is liberating!

[Kitty Herder]

25. K&R!

[JDPriestly]

27. Government of Goldman Sachs, by Goldman Sachs, for Goldman Sachs

As the New York Times reported back in October, many of those people are former execs at Goldman Sachs, the Wall Street behemoth that used to be led by Treasury Secretary Henry Paulson.

Most prominent among those is Neel Kashkari, the 35-year old former Goldman VP who was appointed by Paulson in October as the interim head of the Office of Financial Stability (OFS), which is in charge of implementing the bailout. Kashkari's role is said by the Times to have "evolved" after Paulson changed the original bailout plan, so that Treasury would invest money directly in troubled banks.

But less attention has been paid to another Goldman alum, Kendrick Wilson, who was brought in -- after a personal call from his old Harvard Business School buddy, George W. Bush -- to advise Paulson on how to fix the financial markets.

Paulson brought Wilson to Goldman in 1998 from Lazard Freres. Before that, Wilson was president of Ranieri & Co., which was established by Lew Ranieri. While at Solomon Brothers in the 1970s, Ranieri pioneered mortgage-backed securities, the exotic financial instruments that helped stoke the mortgage bubble. In other words, the man brought in to fend off a financial crisis appears to be a protege of one of the men who helped cause it.

http://tpmmuckraker.talkingpointsmemo.com/2009/01/whos_running_tarp_you_might_not_wanna_know.php

Cenk is so right. The TARP is enriching the banks and impoverishing the American people. Where are the criminal prosecutions of these bankers? Where are the indictments?

[pauldg0]

28. Cenk,............

...Doesn't this article imply there are lots of rivals? I see lots of pressure ahead. People will be accountable!!

This was just posted...

Source: The New York Times

WASHINGTON — As the Obama administration completes its examinations of the nation’s largest banks, industry executives are bracing for fights with the government over repayment of bailout money and forced sales of bad mortgages.
President Obama emerged from a meeting with his senior economic advisers on Friday to say “what you’re starting to see is glimmers of hope across the economy.” But there were also signs of growing tensions between the White House and the nation’s banks over the next phase of the financial rescue.

-snip-
Meanwhile, the Obama administration wants weaker banks to move more quickly to relieve their balance sheets of the toxic assets, the home loans and mortgage bonds that nobody wants to buy right now. But the banks are resisting because they would have to book big losses.

Finally, there is increasing anxiety in the industry that the administration could use the stress tests of the 19 biggest banks, due to be completed in the next three weeks, to insist on management changes, just as it did with General Motors when officials forced the resignation of its chief executive after examining that company’s books.
Senior officials, recognizing that the next few weeks could prove pivotal for both the industry and the bailout effort, are moving ahead with major plans.

-snip-
The tension between the industry and the administration is rising as the government’s bailout fund is dwindling, putting the administration in a bind. It is all but certain to need to seek more money from Congress, which wants to see results from existing programs first.
The fund is down to its final $134 billion, according to Treasury officials, and is expected to face new requests for money in the coming weeks to aid tottering banks, the auto industry and possibly insurance companies.

Read more: http://www.nytimes.com/2009/04/11/business/economy/11ba...

[antimatter98]

29. Obama has sold out America to the banks and corporations.

And my guess is this was the idea all along behind his campaign.

BushCo was corrupt, but Obama is beyond corrupt because he appealed to
the well meaning citizens who saw the country headed toward fascism,
and now we see that Obama is all about fascism, e.g., corporate and banking
control of the government.

Obama is worse than a liar. He has betrayed America.

[debbierlus]

37. WELL SAID. The sooner America wakes up to the truth of what Obama really is...

The sooner we can start fixing our problems.

Unfortunately, the country will have to crash full out before the people wake up. They think they elected change. Obama's election has set the progressive movement back at least five years, maybe, a decade.

[Enthusiast]

42. And you! You think it's okay for the freeper

to get on DU and call President Obama a fascist? You can head for the fucking door also!

[Enthusiast]

41. Fuck you freeper!

You wouldn't know a fascist if one bit you on the ass. On DU we don't call President Obama a fascist. So get your assholiness the hell off my website and don't let the door hit you in the ass.

[whathappened]

30. looting

i just beleave that this plan is a replacement for the looting of the ss funds bush wanted to push thru , could'nt make that work for them , so they will change course and rob all the tax payers to bail out xy and z

[MannyGoldstein]

31. Team Of Republicans

We've been fooled again.

[sellitman]

34. Cenk for President!

Obama are you watching?

[debbierlus]

35. Great video...A MUST WATCH!

It is disgusting what they are doing....

It is MORE disgusting that this robbery of the American people is being defended by many 'liberals/progressive' simply because it is Obama doing it.

Geithner & Summers are OBAMA'S men.

[emmadoggy]

36. K & R. nt

[Chronotis2613]

39. Progress...

This whole situation makes me think that we have not really made that much progress since the very beginning of this country. In the 18th century, the wealthy were in charge and there was a yawning chasm between the lowest of the low and the ruling-class. We no longer have debtor's prison or slavery, but the wealthy are still in charge. Obviously, they see nothing wrong with this, so why should they be interested in change? And if Sy Hersch is right and there are former Bush-Cheney people whispering into the current administration's ear, and they are able to convince the administration that the system will work itself out if all we do is treat our own citizens like we treated the governments of South America back in the 1980s, then... No, I have to stop writing now. It's too horrible to contemplate.

[davidwparker]

40. I like Cenk. He's no Democratic Party apologist.